AAPL is currently in between two opposing emerging harmonic patterns and the nearest line in the sand level aka the eliminator of one of those harmonic patterns, is at 104.63.  I wanted to use the “Apple Pie” phrase because it was cute, but as harmonic rotations have it, both of these opposing emerging patterns have confluence with a PRZ (Potential Reversal Zone aka the completion target for a harmonic pattern) and their respective Pi ratio.

First note that AAPL is in a range, this is indicative of opposing emerging patterns, second note that from the 95.18 low to the 119.75 high there was upside bias pushed by momentum, that momentum has run out of steam to the upside at the time of this chart’s snapshot.  And third note is that this is one of those scenarios where both of the patterns can play out if the blue Bearish Bat completes first at 118.03.

Simply put, until price can hold above 113.25 or below 104.63, the probability is range ground action, once price can push beyond these initial levels, then I’ll be watching for momentum to concur the break.

With a hold above 113.25, the extreme ideal upside target is the Pi at 130.75 and scaling points are all the blue fibs along the way.  With a hold below 104.63 the ideal target is 80 however, there is a PRZ and Pi confluence at 86.17 so that, to me creates a strong support and potential reversal point.

So let’s see if some Apple  Pi is served.

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